• IMF: cuts in oil production, lesser evil for OPEC

Market news

8 July 2016

IMF: cuts in oil production, lesser evil for OPEC

Unit Stake of oil in 2020 will reach $ 75 a barrel if OPEC cut production by 7 million barrels per day and reduce the market share from the current 42% to 35%. Such a scenario for OPEC suggested by the International Monetary Fund. After analyzing 2014, the IMF concluded that the struggle for the preservation of the share and the "squeezing" of the market shale oil producers will not lead to a balance in the market.

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